Binary Options are a way to express your view about where the price for a certain instrument will be, at a certain time. A Binary Option trade is an all or nothing proposition. If you win, you make a profit on top of your bid. If you lose, you get nothing. There is good news and bad news about Binary Options. Which one applies to you will depend on your personality, and temperament. First of all, Binary Options, outside the US, are basically little more than glorified online betting parlors, using the price movement of financial markets as the variable you are betting on.
With Binary Options, whether you lose by a single tick, or by pips, you still lose everything you bet. Likewise, whether you win by a single tick, or by a pips, the profit you make is the percentage payout specified for the trade.
Nothing more, nothing less. Not impossible, but it requires discipline and focus. Inside the US this kind of operation runs afoul of all kinds of regulation related to licensing and securities, so pretty well all Binary Options platforms are domiciled outside the US. They are for all intents and purposes, unregulated. There have been incidents of Brokers not allowing winnings to be withdrawn by account holders, however these were the early days of Binary Options, and the consequent lawsuits that followed were made very public via the internet and demonstrated the price Brokers will pay for engaging in this kind of bad business practice.
It appears the market has quickly culled out the bad actors in this regard. The good news is, if you are a price action trader and you understand how to put on the classic trades associated with technical analysis, then Binary Options are an easy way to make a lot of money very quickly.
The caveat is, you must have the discipline to wait for the classic trades to set up, and only enter trades when the odds are stacked heavily in your favor. The most successful binary options strategies are simply the most basic trade setups found in technical analysis.
Send Me The Report! Make Money … Love Life. Binary Options can be a fantastic way to money, for some, but not all.More...